Filing Flows › Comtech Telecommunications (CMTL) › Q1 FY26
Comtech Telecommunications (CMTL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 11, 2025
Comtech Telecommunications (CMTL) reported revenue of $111M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -15% from the quarter before. Operating margin was -2.5%, net loss $15.9M (14.3% of revenue).
Comtech Telecommunications, Q1 FY26: revenue $111M (-4% year over year), operating margin -2.5%, net loss $15.9M, operating cash flow $8.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $111M | -15% | -4% |
| Operating profit | −$2.8M | -248% | — |
| Net earnings | −$15.9M | -301% | — |
| Operating cash flow | $8.1M | -29% | — |
| Free cash flow | $4.8M | -51% | — |
What changed
Revenue was $111.0M in Q1 FY26, down 4% year over year and down 15% from the previous quarter. Allerium was the largest line at 50% of revenue. Satellite and Space Communications lost $3.8M year over year (down 6%), 80% of the total change.
Gross margin was 33.1%, up 20.6 points from a year earlier. Operating costs exceeded revenue by $2.8M, an operating margin of -2.5%. Operating expenses fell 72% while revenue fell 4%. The quarter ended with a net loss of $15.9M, after a profit of $7.9M the previous quarter. Net interest and other expense of $12.7M was the main reason.
Operating cash flow was $8.1M. Non-cash charges added back $8.0M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $14.8M. Capital expenditures of $3.3M left free cash flow of $4.8M.
Questions
What was Comtech Telecommunications' revenue in the first quarter fiscal 2026?
Comtech Telecommunications (CMTL) reported revenue of $111M for the first quarter fiscal 2026 (Q1 FY26), -4% from a year earlier and -15% from the quarter before.
Was Comtech Telecommunications profitable in the first quarter fiscal 2026?
Operating loss was $2.8M (-2.5% of revenue) and net loss $15.9M.